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RE: GBTC (Bitcoin Investment Trust): Many call this Trash! But I call it a PROFIT Machine! Short Term Target $1,130!! Find out more on this blog!
Thanks for the great analysis! This stock is strange, and the close price is always much lower than the open price in last 3 trading days.
Much of that is day trader profit taking. Since Bitcoin trades 24/7 and GBTC only trades during equity market hours, many go to cash because during overnight session, they are afraid of Bitcoin falling and thus GBT will open at 9:30 AM in the Red.
However, Elliott Waves and Chart Patterns help you peak around the corner.
I’m gonna hop out of GBTC before the fork.. i don’t think I can bear to hold thru it! LoL. TY Haejin. Your GBTC chart helped me have the courage to double my position at 700. Buying you a beer for sure.
That's what it's all about! Making money and making friends!
That makes perfect sense!